8/24/2022

Japanese Hoshizaki Plans to Acquire Majority Stake in Turkish Öztiryakiler

Japanese Hoshizaki Corporation announced that Öztiryakiler, its industrial kitchenware manufacturer group company in Türkiye, completed the construction of its new factory in Çorlu on a 93,000 square meters of site next to its existing factory and that production began in May 2022.

Hoshizaki made its initial investment in Öztiryakiler in 2019 and currently possesses a 39 percent share, with plans to acquire an additional 51 percent stake by 2023 in a bid to make the Turkish company its consolidated subsidiary.

“We are planning to improve our competitiveness in Türkiye and abroad by securing the production capacity necessary to realize our future growth strategy and by starting production at the new plant in addition to the existing plants in Istanbul, Çorlu and Antalya," stated the Japanese group in a press release about the new factory. 

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Hoshizaki Corporation; Öztiryakiler; industrial kitchenware manufacturer